SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Sand Scott R

(Last) (First) (Middle)
35193 AVENUE "A", SUITE C

(Street)
YUCAIPA CA 92399

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Ingen Technologies, Inc. [ IGTG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/15/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, no par value 02/15/2008 S 26,950 D $0.03 2,258,846 D
Common Stock, no par value 02/19/2008 S 25,000 D $0.025 2,233,846 D
Common Stock, no par value 02/19/2008 S 18,134 D $0.022 2,215,712 D
Common Stock, no par value 02/19/2008 S 10,000 D $0.032 2,205,712 D
Common Stock, no par value 02/19/2008 S 10,000 D $0.026 2,195,712 D
Common Stock, no par value 02/21/2008 S 5,000 D $0.02 2,190,712 D
Common Stock, no par value 02/21/2008 S 21,500 D $0.02 2,169,212 D
Common Stock, no par value 02/21/2008 S 20,000 D $0.024 2,149,212 D
Common Stock, no par value 02/21/2008 S 13,500 D $0.02 2,135,712 D
Common Stock, no par value 02/22/2008 S 53,700 D $0.02 2,082,012 D
Common Stock, no par value 02/28/2008 S 100,000 D $0.015 1,982,012 D
Common Stock, no par value 02/28/2008 S 56,300 D $0.013 1,925,712 D
Common Stock, no par value 02/28/2008 S 200,000 D $0.015 1,725,712 D
Common Stock, no par value 03/14/2008 A(1) 18,000,000 A $0.005(1) 19,725,712 D
Common Stock, no par value 03/19/2008 A(2) 300,000 A $0.006(3) 20,025,712 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Convertible Preferred Stock, no par value (4) 03/14/2008 A(1) 12,000,000 03/14/2008 (4) Common stock, no par value 12,000,000 $0.005(1) 32,275,960 D
Series A Convertibel Preferred Stock, no par value (4) 05/16/2008 S(5) 1,000,000 04/07/2006 (4) Common stock, no par value 1,000,000 $0.0009(6) 31,275,960 D
Explanation of Responses:
1. On March 14, 2008, Ingen Technologies, Inc.'s board of directors authorized the issuance of 12,000,000 shares of Series A Convertible Preferred Stock and 18,000,000 shares of common stock, no par value, to Mr. Sand in exchange for retirement of $150,000 in debt owed by Ingen to Mr. Sand at February 29, 2008.
2. Pursuant to Mr. Sand's employment agreement with Ingen dated September 21, 2006, he is entitled to 300,000 shares of common stock per year.
3. Represents the closing price of the common stock as reported on NASDAQ.com on March 19, 2008.
4. N/A
5. Private transfer.
6. Represents the closing price of the common stock as reported on NASDAQ.com on May 16, 2008.
Remarks:
/s/ Scott R. Sand 05/20/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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